PALMOILMAGAZINE, JAKARTA – On Wednesday (24/4/2024), the tender price for Crude Palm Oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom stood at Rp 12,325/kg, marking a decrease of Rp 38/kg or approximately 0.31% compared to the previous Tuesday’s tender, which was Rp 12,363/kg.
According to Palmoilmagazine.com from KPBN, CPO Franco Belawan was priced at Rp 12,325/kg, while CPO in Teluk Bayur was at Rp 12,195/kg but was withdrawn (WD) with the highest bid at Rp 12,043/kg. Additionally, CPO in Kembayan was at Rp 11,975/kg but was withdrawn with the highest bid at Rp 6,500/kg. Crude palm kernel oil (CPKO) in Lampung was priced at Rp 15,817/kg but was withdrawn with the highest bid at Rp 10,001/kg.
At the Malaysia Derivatives Exchange, the CPO price experienced a decline on Wednesday (24/4/2024), alongside soyoil and crude oil, compounded by the appreciation of the ringgit, which posed challenges for investors.
Also Read:
- CPO Price at KPBN Inacom Rose 1.49 percent on Tuesday (23/4), as well as on the Malaysian Exchange
- Withdrawal of CPO Tender at KPBN Inacom: Highest Bid Reaches Rp 12.182/kg on Monday (22/4)
- CPO Price at KPBN Inacom Decreased by 0.78 on Friday (19/4), Weekly CPO Tender Saw a 6.11% Decline
- CPO Price at KPBN Inacom Withdrawn on Thursday (18/4), Malaysia Exchange Sees Increase
- CPO Price at KPBN Inacom and Malaysia Exchange on Wednesday (17/4) Decrease
- CPO Prices Decline by 3.98% at KPBN Inacom on Tuesday (16/4), Similar Trend Seen in Malaysia Exchange
As reported by Reuters, the reference contract price for CPO (FCPOc3) for July 2024 delivery at the Malaysia Derivatives Exchange decreased by RM 28 per ton, equivalent to approximately 0.71%, settling at RM 3,943 (US$ 825.76) per metric ton.
Meanwhile, at the Dalian exchange, soyoil contract prices (DBYcv1) increased by 0.92%, and CPO contract prices (DCPcv1) increased by 0.86%. Conversely, soyoil prices at the Chicago Board of Trade (BOcv1) decreased by 0.59%.
Here are CPO and CPKO price at KPBN (Rp./Kg), excluded income tax on Wednesday (24/4/2024):
CPO_____
- Franco Belawan and Dumai Rp. 12.325-BEST, EOP, SJIO, KJA.
- Teluk Bayur Rp. 12.195 (WD) with the highest bid Rp. 12.043-WIRA
- Talang Duku Rp. 12.125-PRISCOLIN
- Kembayan Rp. 11.975 (WD) with the bid Rp. 6.500-DKSD, SDS, BTI, BBF
CPKO: Lampung Rp. 15.817 (WD) with the highest bid Rp. 10.001-KLK. (T2)
